The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-01
CONDITION OF THE MARKETS
Heavy Receipts and Favorable Weather
Cause Bearish Feeling in Wheat,
But the ManipulatOrs of the Market Still Man.
age to Retain COntrol-Corn Opens with a
Weak Feeling, but Closes Steady.
MONEY, BONDS AND STOCKS.

A Moderately Active Market, Though Most
of the Stocks Incline Toward Heaviness.
NEW YORK, May 81 Money on call was
easy at a. a per cent the last lean being made
at per cent. closing at per Cent offered
Prime mercantile paper. 06 per cent
Sterling exchange was dull but steady at
"a $50 for sxty-day bills. and "a. 81 for demand.
The total sales of stocks to-day were 256, 446
ssseres, including the following; Delaware
s,sekawanna & Western, 20, 40; Fort Worth &c
Denver, $500; Lake Shore. 10,101; Missouri
Pacific 34s2; Northwest, 1882; New Jersey
Central 3, 100; Pacific Mail, $40; Reading, 81,
Clio; Western Union 6,100
The stock market to-day was moderately act
i've for the most part. but displayed consider
able feverishness, and the result of the days
trading is not of particular Importance to either
side There was considerable buying in spots.
but feeling of uncertainty prevalent and
the small gains established were IN most cases,
neutralized.
The principal element OF strength was the
confidence that differences between the granger
roads would be settled. and this feeling was
stimulated by moderate purchases from Chicago.
The coal stocks showed more animation than
usual, of late, accompanied by consider
able strength. Reading was the feature,
and, on very large transactions
firm to strong throughout most of the day, upon
the excellent exhibit of earnings. New England
was active, and, early in the day, strong upon
the business of the road Some of the speciaties
Ihowed marked weakness, and none OF them
made any material advance. although the num-
Der of w-prced stocks dealt in something
unusual Fort Worth 81 Denver continued its
necline being the only conspicuously weak stock
IN the active list. London was moderate buyer
carly in the day Another attempt was made to
influence values by manipulating the rates for
money, which were bid up TO per cent. towards
the close. The opening was firm, with advances
Dver Saturdays final figures extending to per
rent. There considerable irregularity, but
che general list was inclined heavness, while
Fort Worth e Denver, St. Paul 81 Duluth and
one Others were decidedly weak
New England afterward became conspicuous,
and decidedly firm tone marked the transac-
lions. The afternoon was very dull, with little
or no movement in prices until the last hour,
when a little moro life impaired to the
dealings, and the market closed firm, though
quiet A small majority of the active list
higher. but the only important changes were ad-
vances of l. in Lackawanna and Ii in Jersey
Central while Fort Worth s. Denver is down
il, Norfolk e. Western preferred II, and ST.
Paul per cent
Railroad bonds were very quiet; the sales to-
day were 81, 108 900. The general tendency was
downward in the forenoon and upwards later.
Illinois Central three and halls advanced 3. to
D8 Houston 81 Texas seconds declined 4, to n.
Government and State bonds were dull and
steady. Closing quotations were: